AXT Inc (NASDAQ:AXTI) price closed lower on Monday, April 15, dropping -6.41% below its previous close.
A look at the daily price movement shows that the last close reads $3.43. The company’s 5Y monthly beta was ticking 2.21. Taking into account the 52-week price action we note that the stock hit a 52-week high of $5.64 and 52-week low of $1.89. The stock subtracted -29.76% on its value in the past month.
AXT Inc, which has a market valuation of $140.08 million, is expected to release its quarterly earnings report May 02, 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give AXTI a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
The overview shows that AXTI’s price is at present -26.89% off the SMA20 and -16.24% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 38.40, with weekly volatility standing at 7.84%. The indicator jumps to 10.55% when calculated based on the past 30 days. AXT Inc (NASDAQ:AXTI)’s beta value is holding at 2.25, while the average true range (ATR) indicator is currently reading 0.47.
An analysis of the AXT Inc (NASDAQ:AXTI) stock in terms of its daily trading volume indicates that the 3-month average is 2.53 million.
Current records show that the company has 44.24M in outstanding shares. The insiders’ percentage holdings are 6.83% of outstanding shares while the percentage share held by institutions stands at 50.77%. But the 33.75% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
